Australia is the world’s fourth largest exporter of liquefied natural gas (LNG). Liquefied natural gas (LNG) is natural gas, primarily methane, which has been cooled to minus 161°C to reach its liquid state.
Liquefying natural gas reduces the volume it occupies by more than 600 times, making it a practical size for storage and transportation in specifically designed and built tankers. LNG is widely recognised as a clean, safe and convenient form of energy, which can be readily supplied to distant markets. It is transported to dedicated LNG receiving terminals, which have the capacity to store and re-gasify the LNG for supply to markets. LNG, in its liquid state, is not flammable or explosive.
Natural Gas companies on the ASX
Santos Ltd [ASX:STO], Origin Energy [ASX:ORG] and Woodside Petroleum [ASX:WPL] are major LNG producers on the ASX. So, if you like the sound of LNG, we do to. It’s a growing industry that’s changing the world. That’s why there’s always plenty of EXCITING news to talk about.